Northwire Canada EditionTuesday, August 25, 2026
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GOLD 4702.90 +0.1% SILVER 68.85 +0.4% COPPER 6.70 +1.5% OIL 82.14 −3.4% PALLADIUM 1333.50 −2.2% VCU 1.30 −0.8% HI 0.150 +0.0% DLTA 0.175 −5.4% EMO 0.395 −2.5% GR 0.070 +0.0% MGG 0.400 +2.6% EVI 0.530 −3.6% AVL 9.69 +21.0% VCG 1.53 +11.7% TTS 2.50 −3.9% SCMI 1.92 +3.8% RIO 3.60 +5.6% PUMA 0.145 +11.5% TRR 0.360 +0.0% TECT 2.70 +0.8% OGN 5.15 −2.5% GOLD 4702.90 +0.1% SILVER 68.85 +0.4% COPPER 6.70 +1.5% OIL 82.14 −3.4% PALLADIUM 1333.50 −2.2% VCU 1.30 −0.8% HI 0.150 +0.0% DLTA 0.175 −5.4% EMO 0.395 −2.5% GR 0.070 +0.0% MGG 0.400 +2.6% EVI 0.530 −3.6% AVL 9.69 +21.0% VCG 1.53 +11.7% TTS 2.50 −3.9% SCMI 1.92 +3.8% RIO 3.60 +5.6% PUMA 0.145 +11.5% TRR 0.360 +0.0% TECT 2.70 +0.8% OGN 5.15 −2.5%
Earnings

Clarke earns $13-million in 2025

By The Northwire Desk — AI Analysis Mar 03, 2026 · 18:24 CKI · 21.39 Clarke Inc
CKI · Price

Executive Summary

  • Clarke Inc. reported a decline in net income for the full year 2025 to $13.0 million, down from $37.8 million in 2024, primarily due to a significant decrease in fair value adjustment gains on investment properties.
  • For the fourth quarter of 2025, the company reported a loss per share of $0.03, compared to earnings of $1.54 per share in the same period of 2024, driven largely by the absence of the large fair value gains recorded in Q4 2024.
  • Book value per common share increased by 6.2% to $21.08 at year-end, while the common share price closed at $20.93.

Key Details

  • Full Year 2025 Net Income: $13.0 million (vs. $37.8 million in 2024).
  • Full Year 2025 Comprehensive Income: $17.6 million (vs. $46.4 million in 2024).
  • Fair Value Adjustments (Investment Properties):
    • 2025: $14.9 million gain.
    • 2024: $34.0 million gain.
  • Q4 2025 Net Income Impact: Decreased quarter-over-quarter primarily due to the absence of the $29.9 million fair value adjustment gain recorded in Q4 2024.
  • Q4 2025 Revenue: Hotel and rental revenue remained stable at $16.7 million quarter-over-quarter.
  • Per Share Metrics (Full Year 2025):
    • Book value per common share: $21.08 (increase of $1.23 or 6.2%).
    • Common share price: $20.93.
  • Operational Income Breakdown (Full Year 2025):
    • Hotel Net Operating Income: $21.5 million ($1.54 per share).
    • Residential Net Operating Income: $7.4 million ($0.53 per share).
    • Depreciation and Amortization: $12.3 million ($0.88 per share).
    • Interest and Accretion: $10.8 million ($0.78 per share).
    • Hotel Revaluation Losses: $1.5 million ($0.11 per share).
    • Hotel Revaluation Gains (Other Comprehensive Income): $2.5 million ($0.18 per share).
  • Q4 2025 Loss Per Share: $0.03 (basic and diluted).
  • Q4 2024 Earnings Per Share: $1.54.
  • Other Comprehensive Losses (Q4 2025): $1.5 million (vs. $200,000 in Q4 2024), primarily due to higher remeasurement loss on accrued pension benefit asset.
  • Debt/Interest Commentary: Interest and accretion expense increased year-over-year despite lower interest rates, attributed to higher average long-term debt balances from ongoing construction expenditures.

Notable Quotes

  • No direct quotes from the CEO or President were included in the provided text.
Read the original news release →

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